MLS# 6993194 – 5035 N 23rd Avenue, Phoenix, AZ 85015

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$1,699,000 - 11Br/Ba - for Sale in Camelback Gardens, Phoenix
Price: $1,699,000
Units: 9
Status: Active
Year Built: 1958
Neighborhood: Camelback Gardens
Days on Website: 185

Courtesy of Better Homes & Gardens Real Estate SJ Fowler

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Property Description

Uptown PHX 9-unit complex spread out over close to a 25,000-sf lot with R-3 zoning. 7.2 CAP off 2025 P&L w/ 100% occupancy. Nice pocket north of Camelback Road, 1 mile east of GCU & 1/2 mile east of the I-17. Opportunity Zone. Hard to find SELLER FINANCING available but not required (6% interest-only with 30% down in 1st position only). Fully upgraded & fully stabilized. 2025 P&L of $122,000 NOI. Seven buildings. The unit mix consists of (2) two-bedroom units; (4) one-bedroom units; & (3) bigger studio units. The jumbo lot/zoning offers density & additional value potential. Over $250,000 in renovations just a few years ago.

Open House

Property Details and Features

  • Property Access
  • Road Surface: Asphalt
  • Appliances & Equipment
  • Free-Standing Range
  • Dishwasher
  • Refrigerator
  • Microwave
  • Bathrooms
  • 9 total bathrooms
  • Bedrooms
  • 11 total bedrooms
  • Building
  • Built in 1958
  • 7 buildings
  • Construction Materials: Wood Frame, Painted, Stucco, Block
  • Community
  • No Pool
  • Cooling
  • Electric
  • Heat Pump
  • Disclosures
  • Other (See Remarks)
  • Seller Prop Disc Stm
  • Expenses
  • Operating: $48,980.6
  • Other Expense: $42,708.6
  • Exterior Features
  • Sidewalk(s)
  • Floors
  • Laminate
  • Ceramic Tile
  • Vinyl
  • Wood
  • Concrete
  • Heating
  • Heat Pump
  • Electric
  • Natural Gas
  • Income
  • Gross Income: $171,283
  • Gross ScheduledIncome: $174,180
  • Net Operating Income: $122,302
  • Listing
  • Listing ID: 6993194
  • Standard Status: Active
  • MLS Status: Active
  • 186 days on market
  • Location
  • Subdivision: CAMELBACK GARDENS
  • County/Parish: Maricopa
  • Lot
  • Dimensions: .556 acres
  • Owner Pays
  • Trash Collection
  • Water
  • Sewer
  • Landscaping
  • Parking
  • 14 open parking spaces
  • 14 total parking spaces
  • Off Street
  • Paved
  • Free
  • Assigned
  • >1 Space Per Unit
  • Roof
  • Composition
  • Rolled/Hot Mop
  • Schools
  • Elementary School District: Alhambra Elementary District
  • High School: Central High School
  • High School District: Phoenix Union High School District
  • Sewer
  • Sewer-In & Connected
  • Public Sewer
  • Taxes
  • Additional parcels description:
  • Parcel Number: 153-25-053
  • Public Survey Range: 2E
  • Public Survey Section: 13
  • Annual Amount: $6,272
  • Tax Book Number: 153.00
  • Legal Description: CAMELBACK GARDENS MCR 29/37 LOT 4 BLK 3 & W2 OF ABAND ALLEY LY E OF & ADJ TO E LN SD LOT AS ABAND P
  • Lot: 4
  • Year: 2025
  • Zoning: R3
  • Utilities
  • Water Source: City Franchise
  • SRP

Property Map

$1,699,000 – 5035 N 23rd Avenue, Phoenix, AZ 85015

Street View

Nearby Schools

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Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
Fax:

Request More Information

Brian Young PLLC
DPR Realty LLC
Phone: 602-405-3949 Direct
Phone: 480-990-SOLD (7653)
8341 E Gelding Drive, Scottsdale, AZ 85260
Fax:

Schedule a Showing

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This content last updated on September 5, 2026 6:48AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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